Want Best Rates On Education Loan? Keep These 6 Factors In Mind

2. How is interest charged?

Always check for the amount of interest charged on the education loan given by your bank. You should investigate on the criteria’s on the basis of which interest is charged, whether it is charged on daily or quarterly basis. Improper enquiry might result in you ending up paying more interest at the time of repayment.  To reduce the burdens of repayment investigate properly.

3. The Waiver Period

Many banks have this facility of repayment of loan once the student finishes their education and join some firm. This facility helps the student to repay the huge amount of education loan in installments after they receive their salary .Check for this facility with the bank. This will make you tension free until you finish off your studies.

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